Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC cut its stake in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 89.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,292 shares of the company’s stock after selling 47,201 shares during the period. Wolverine Asset Management LLC’s holdings in Western Asset Intermediate Muni Fund were worth $41,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SBI. Carson Advisory Inc. purchased a new position in Western Asset Intermediate Muni Fund in the third quarter valued at approximately $733,000. Pathstone Holdings LLC raised its holdings in Western Asset Intermediate Muni Fund by 23.6% in the third quarter. Pathstone Holdings LLC now owns 270,171 shares of the company’s stock valued at $2,216,000 after buying an additional 51,543 shares during the period. Rivernorth Capital Management LLC raised its holdings in Western Asset Intermediate Muni Fund by 2.8% in the third quarter. Rivernorth Capital Management LLC now owns 1,674,840 shares of the company’s stock valued at $13,734,000 after buying an additional 45,940 shares during the period. LexAurum Advisors LLC purchased a new position in Western Asset Intermediate Muni Fund in the fourth quarter valued at approximately $271,000. Finally, Stephens Inc. AR purchased a new position in Western Asset Intermediate Muni Fund in the third quarter valued at approximately $203,000.

Western Asset Intermediate Muni Fund Stock Performance

NYSE SBI opened at $7.90 on Tuesday. Western Asset Intermediate Muni Fund Inc. has a one year low of $7.60 and a one year high of $8.29. The company’s 50 day moving average price is $7.80 and its 200 day moving average price is $8.01.

Western Asset Intermediate Muni Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a dividend of $0.042 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.38%.

About Western Asset Intermediate Muni Fund

Western Asset Intermediate Muni Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in the fixed income markets of the United States. The fund invests in securities that provide income exempt from federal income tax.